The bank stated that its strategy to diversify the sources of revenue has contributed to an increase in fee income from banking services by 10.2 percent compared to the same period of the previous year.
The bank’s total assets grew significantly to reach SR299 billion compared to SR265 billion at the end of the same period of the previous year, an increase of 12.9 percent.
Total shareholders’ equity reached SR34 billion, an increase of 12.9 percent over the same period of the previous year.
Loans and advances increased to SR125 billion compared to SR114 billion at the end of the same period of the previous year, an increase of 9.7 percent.
Customer deposits grew to SR239 billion compared to SR201 billion at the end of the same period of the previous year, an increase of 18.9 percent.
The increase in the net income resulted from a decrease in the operating expenses for the period, the bank stated.
